The prices in real estate in Spruce, in the Michigan region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Spruce has increased strongly during the last 6 months. In November, the average price per sq.feet was $2,858. In the following month the price per sq.feet decreased considerably to $625. The price for the following two months in (January, February) had a considerable increment of 200 %. The price per sq.feet has had a considerable increase of 419 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $2,610.5 to $10,947 during March, and April.
Based upon to the price in Spruce (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $298,650. In December This price remains at $297,350. During the following two months (January, February) the average price had a considerable reduction of 67 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $248,604.25 to $162,589.5, which means a 65 % fall.